Why is insurance required for your construction?
A liability allocated to a party under a construction contract may be substantial and the party accepting a risk often chooses to cover its liability with insurance. Insurance also protects the party to whom liability is owed as the party accepting the risk may be unable to discharge its liability unless it has insured against the risk.
Types of insurances in construction?
- All risks insurance.
- Professional indemnity insurance.
- Product liability insurance.
- Public liability insurance.
- Latent defects insurance.
- Employee benefits
- Workmen’s compensation
- Crime insurance
- Money insurance
Futurefirst with its dedicated risk assessment team, offers the best in class solution for specific needs pertaining to construction. The risk analysis team through its decades of experience in various industry leading projects assess and calculate risks and recommends the right cover. Our business analyst team then reviews various insurance companies’ quotes and provides the most competitive quotes.